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Anglo Irish News

• Noonan Says Ireland Alone Can Pass EU Treaty in Region

  Irish Finance Minister Michael Noonan said he’s confident voters will back the European fiscal pact and that the country is the only euro-area member that could secure public support for such a referendum.

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  Madness in Spain Lingers as Ireland Chases Recovery

  From atop the stone walls of Avila, Spain, a medieval city an hour’s drive northwest of Madrid, beyond the parking lots and empty playgrounds and thousands of vacant new apartments, a construction crane can be seen moving on the horizon as building continues.

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  Irish Bank Evicts Pensioner After $155 Billion Losses: Mortgages

  Brendan Kelly’s televised eviction from his Dublin house hit close to home for many of those watching in Ireland, where one in seven mortgages is in trouble.

• Ireland’s Noonan Says Will Cut Growth Forecast by Almost Half

  Ireland’s economy will grow this year at about half the pace forecast by the government in December, Finance Minister Michael Noonan said.

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  Central Bank Said to Buy Anglo Irish Tower for $10 Million

  Ireland’s central bank agreed to pay about 8 million euros ($10 million) for a half-completed Dublin office block that’s synonymous with the real-estate crash, according to a person familiar with the matter.

• Ireland’s NAMA Defends Short Notice of Bank Loan Sale, FT Says

  Ireland’s National Asset Management Agency defended in court giving less than an hour’s notice to a hotel-company shareholder affected by the sale of a 660 million- pound ($1.06 billion) loan, the Financial Times reported.

• Irish May Be Allowed Delay $4 Billion Anglo Irish Cash Payment

  Ireland may be allowed delay a 3.1 billion euros ($4.1 billion) cash payment to two nationalized lenders this month as it works on a longer-term plan to cut the cost of bailing out the nation’s financial system, two people with direct knowledge of the plans said.

• Former Anglo Irish Says 61% of Loans May Not Be Repaid in Full

  Irish Bank Resolution Corp., which is being wound down by the Irish state after one of the costliest financial rescues in history, said almost two thirds of its loans are unlikely to be repaid in full.

• Irish Support for EU Pact Best Way for Bank Deal, Hayes Says

  Ireland’s best chance of securing an accord with European partners ove a restructuring of its bank- bailout costs is for voters to approve a proposed fiscal compact, said Brian Hayes, a junior government minister.

• Asmussen Says Irish Banks Must Reduce Reliance on ECB Funding

  European Central Bank Executive Board member Joerg Asmussen said banks in Ireland need to “substantially” reduce their reliance on central bank funds to restore the financial system to health.

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  Michael Noonan

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  European Central Bank

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  London

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  Stephen Lyons

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